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Microcap & Penny Stocks : LASERPACIFIC (lpac) -- Ignore unavailable to you. Want to Upgrade?

To: Raymund W who wrote (60)	8/4/1998 3:27:00 PM
From: t.gawarecki	Respond to of 542

Laser-Pacific Announces Preliminary Second Quarter Profits PR Newswire - August 03, 1998 18:50 HOLLYWOOD, Calif., Aug. 3 /PRNewswire/ -- Laser-Pacific Media Corporation (Nasdaq: LPAC) today reported a preliminary profit for the second quarter ended June 30, 1998 of $54,000 or $.01 per share on revenues of approximately $6,576,000. This compares to a net loss of $1,642,000 or $.23 per share on revenues of $4,789,000 in the quarter ended June 30, 1997. For the first six months of 1996 Laser-Pacific reported a preliminary profit of $609,000 or $.08 per share compared to a net loss of $1,603,000 or $.23 per share for the first six months of last year. Revenues for the current six months were approximately $14,628,000 compared with $12,429,000 for the same period last year. Jim Parks, Chairman and Chief Executive Officer stated that: "Our improved profitability was brought about by two factors; the sale of our Canadian subsidiary, Pacific Video Canada, on May 15, 1998 and increased sales in our continuing domestic operations. The gain recognized on the sale of Pacific Video Canada was $900,000. The higher sales level is the result of an increase in demand for the Company's services along with a growing recognition of the Company's expertise, specifically in the areas of High Definition transfer and in Digital Compression Services, and in particular Digital Video Disc authoring (DVD). We have also experienced growth in our Feature Film Mastering Business, a service the Company began offering in the 4th quarter of 1997. The second quarter has historically produced large operating losses. I am very impressed with the efforts put forth by management in achieving record second quarter profits." Laser-Pacific Media Corporation (Nasdaq: LPAC) is one of the most diversified and technically advanced media laboratories in the world. Laser-Pacific is a leading supplier of motion picture film processing, digital and high definition post production services, MPEG digital compress and DVD design and authoring. The company's facilities are located in Hollywood and Burbank. Laser-Pacific is headquartered at 809 North Cahuenga Boulevard, Hollywood, CA, 90038. Tel: 323-462-6266, Facsimile: 323-464-3233. Forward-looking statements and comments in this press release are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements relating to, among other things, the prospect for the Company to continue to achieve growth in sales, the ability to reduce overhead and the ability to achieve positive operating results are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including risks related to competition, availability of capital and continuation of sales levels. The risks are further discussed in the periodic reports and registration statements filed by the Company from time to time with the Securities and Exchange Commission. Laser-Pacific Media Corporation common stock is traded on the NASDAQ Small Cap Market. SOURCE Laser-Pacific Media Corporation /CONTACT: Jim Parks of Laser-Pacific Media Corporation, 323-462-6266/ (LPAC) CO: Laser-Pacific Media Corporation ST: California IN: ENT SU: ERN In LAM079, Laser-Pacific Announces Preliminary Second Quarter Profits, moved earlier today, we are advised by a representative of the company that the second graph, first line, should read "For the first six months of 1998..." rather than "For the first six months of 1996..." as originally issued. /PRNewswire -- Aug. 3/ (LPAC)

To: Raymund W who wrote (60)	8/4/1998 3:30:00 PM
From: t.gawarecki	Respond to of 542

LPAC......here's one that is up today. I especially like the good increase in revenues over 1997. It is sounding like LPAC has a bright future. Tom

To: Raymund W who wrote (60)	8/25/1998 9:40:00 AM
From: t.gawarecki	Read Replies (1) \| Respond to of 542

LPAC NEWS........Fluff piece but good industry PR. LaserPacific Wins DiVi Awards for Excellence in DVD Business Wire - August 25, 1998 07:17 HOLLYWOOD, Calif.--(ENTERTAINMENT WIRE)--August 25, 1998-- LaserPacific Media Corp. (Nasdaq:LPAC) took home Gold and Silver Awards in the Best DVD Movie category at the First Annual DiVi Awards held during the DVD Production '98 Conference in Universal City, Calif., last week. The DiVi Awards, sponsored by the International Recording Media Association (IRMA) and publisher Miller Freeman PSN, showcase the year's most creative DVDs. LaserPacific's entry of Artisan Entertainment's bestseller "Terminator 2: Judgment Day" won the Silver DiVi for Menu Design, Authoring and Encoding. This is the second win in recent months for the LaserPacific Visual Effects design team that took home a Monitor award for "The Journey of Allen Strange" in July. Also in the Best DVD Movie category, the Gold DiVi went to LaserPacific for authoring and encoding of New Line Cinema's "Spawn." LaserPacific shared the "Spawn" DiVi with the menu design firm EMA. Leon Silverman, executive vice president of LaserPacific, noted that the two-out-of-three sweep in the Best Movie DVD category is "a tribute to the quality of our team's efforts in helping to define and create the world's most compelling DVD. We are helping our customers create DVD that pushes the envelope, both creatively and technically." "These titles represent significant milestones in the development of DVD," according to Larry Spangler, LaserPacific's director of Multimedia Operations. "T2's animated and live-action menus set the standard for DVD graphic design. It was the very first movie release utilizing the Dual-Layered (DVD9) DVD technology, and it paved the way for the future of DVD where the DVD9 disc will be the predominant format." Jay Sherbon, LaserPacific senior research and development engineer, authored both discs and described "Spawn" as one of the most complex DVD titles ever created. "With more than 300 menus, incredible animated graphics with full 5.1-channel sound, and a significant amount of value-added content in addition to the film, this title truly represents the state of the art in DVD." Silverman noted: "We are fortunate to be working with customers like New Line and Artisan, who allow us to be part of their efforts to redefine home entertainment. It's wonderful to know that these efforts are noticed." LaserPacific is one of the most diversified and technically advanced media laboratories in the world. LaserPacific is a leading supplier of motion picture film processing, digital and high-definition post-production services, as well as MPEG digital compression and DVD design and authoring. The company's facilities are located in Hollywood and Burbank, and LaserPacific has headquarters at 809 No. Cahuenga Blvd., Hollywood, Calif., 90038. Tel: 323/462-6266, Facsimile: 323/464-3233. CONTACT: LaserPacific Media Corp., Hollywood Christine Purse, 323/462-6266